|FOR IMMEDIATE RELEASE
January 5, 2011
Thomas R. Hardy | (703) 875-4357
U.S. TRADE AND DEVELOPMENT AGENCY RELEASES FISCAL YEAR 2010 ANNUAL REPORT
ARLINGTON, VA – The U.S. Trade and Development Agency released today its Annual Report for Fiscal Year 2010, which highlights the Agency's programs and successes. In FY 2010, the Agency, employing new and innovative and longstanding products and services, continued to help U.S. companies create jobs here at home through the export of U.S. goods and services that support the development of sustainable infrastructure and economic growth in our partner countries.
This past year, the Agency identified over $2 billion in U.S. exports that were directly attributable to USTDA-funded activities. In addition, USTDA’s export measure grew to over $47 in U.S. exports for every program dollar spent by the Agency.
With a mission dually focused on promoting U.S. exports and development abroad, USTDA was well positioned to respond to President Obama’s National Export Initiative (NEI), which calls for exports to double over five years. In support of the NEI, USTDA launched a new International Business Partnership Program (IBPP) to connect international buyers with U.S. manufacturers and service providers, and thereby open new export markets and commercial opportunities around the world. USTDA also placed increased emphasis on promoting clean energy and supporting priority transportation, information and communication technology and environmental infrastructure projects abroad.
In FY 2011, USTDA will continue to invest in activities designed to open markets for U.S. exports. USTDA will also continue to increase its outreach to the U.S. business community, highlighting the various ways the Agency can support companies, large and small, and increase U.S. exports of goods and services.
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The U.S. Trade and Development Agency helps companies create U.S. jobs through the export of U.S. goods and services for priority development projects in emerging economies. USTDA links U.S. businesses to export opportunities by funding project planning activities, pilot projects, and reverse trade missions while creating sustainable infrastructure and economic growth in partner countries.
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